I’ll be in town for the weekend and looking to network with and learn from some of the SoCal investors.

would like to know how can i mail out letters for owner financing to home owners i already know to access town records to find address just would like a solid ground on what to include on my letter that send to them thanks.

I started exploring foreclosure auctions for the past year, found a rare opportunity for a house similar to what I'm renting now that needs minimal work, and am in the process of financing for purchase price of $413,000 (mortgage would be less than rent at $1800/month but could flip for $625,000).Because our market is so high and these come by once or twice a year (so many investors here eating up the foreclosures), would you 1. flip right away 2. rent 6 months then refinance and keep 3. rent 1 year rental then sell or 4. live-in flip 2 years? 

I will explore all possible options.

Current situation: Early 30s, both live and work in town in professional jobs (CPA, real estate appraiser).

Please let me know if this is something you would be interested in exploring further! 

Judging how the rents are $475/month, I'm also guessing this is either a C/D area or a very small town, which may contribute to higher tenant turnover, higher lease-up times, higher possibility of missed payments, evictions, etcRepairs at 5% also seems low, especially if I'm correct about the tenant quality/neighborhood this is in.

If you want to do that in the RE world, you should explore wholesaling, that is the only way I am aware that you can still be in the game and network without having to have any money.

This is a townhome in a desirable part of town that was built in 2007.

I'm currently in a similar situation and I've started producing leads worth further exploration by finding them in alternative ways to the standard MLS listing.